Roth Capital Weighs in on McEwen Mining Inc’s FY2024 Earnings (TSE:MUX)

McEwen Mining Inc (TSE:MUX) (NYSE:MUX) – Equities researchers at Roth Capital boosted their FY2024 earnings per share estimates for McEwen Mining in a research report issued on Monday, October 7th. Roth Capital analyst J. Reagor now forecasts that the company will earn ($0.79) per share for the year, up from their prior estimate of ($1.00). The consensus estimate for McEwen Mining’s current full-year earnings is $0.06 per share. Roth Capital also issued estimates for McEwen Mining’s Q4 2024 earnings at $0.04 EPS, Q1 2025 earnings at ($0.15) EPS, Q2 2025 earnings at ($0.16) EPS, Q3 2025 earnings at $0.05 EPS, Q4 2025 earnings at $0.04 EPS and FY2025 earnings at ($0.20) EPS.

McEwen Mining (TSE:MUX) (NYSE:MUX) last issued its quarterly earnings data on Wednesday, August 7th. The company reported C($0.36) earnings per share for the quarter, missing the consensus estimate of C($0.30) by C($0.06). The business had revenue of C$64.96 million during the quarter, compared to the consensus estimate of C$60.14 million. McEwen Mining had a return on equity of 16.78% and a net margin of 46.63%.

McEwen Mining Stock Down 0.4 %

Shares of MUX stock opened at C$13.21 on Wednesday. The company has a 50 day simple moving average of C$12.37 and a two-hundred day simple moving average of C$13.72. The stock has a market cap of C$700.00 million, a P/E ratio of 5.31 and a beta of 1.45. McEwen Mining has a 12 month low of C$8.05 and a 12 month high of C$17.08. The company has a current ratio of 1.68, a quick ratio of 1.00 and a debt-to-equity ratio of 8.53.

About McEwen Mining

McEwen Mining Inc engages in the exploration, development, production, and sale of gold and silver. It also explores for copper deposits. The company owns 100% interests in the El Gallo and Fenix projects located in Mexico; and the Black Fox Mine and Stock Mill, Grey Fox, and Froome and Tamarack properties in Canada.